NPAs impact banks’ rate cut transmission, loan growth: Study
NEW DELHI: The paper titled, ‘Bank Capital and Monetary Policy Transmission in India’ shows the requirement of bank capital regulation in India. Non-performing assets (NPA) of a bank weakens the monetary policy transmission and loan growth rate, said a recent working paper prepared by the staff members of the Reserve Bank of India (RBI). The […]
Centre to waive interest on interest during moratorium on loan up to Rs 2 crore
NEW DELHI: In a major relief to thousands of individuals and MSME borrowers, the government of India (Centre) in an affidavit informed the Supreme Court that it has taken a decision to waive “interest on interest” on loans up to Rs two crore during the six-month moratorium period. The affidavit said the only solution is […]
Reliance Infra’s total financial indebtedness at Rs 6,073 crore at December end
NEW DELHI: Reliance Infrastructure on Friday said its total financial indebtedness stood at over Rs 6,000 crore at the end of December 2019. The company has submitted to the stock exchanges a disclosure of defaults on payment of interest/repayment of principal amount on loans from banks/financial institutions and unlisted debt securities for the quarter ended […]